12/38-40 Gould Avenue, Lewisham NSW 2049
12/38-40 Gould Avenue, Lewisham NSW 2049
Renovated two-bed + parking | Owner-occupier block in Lewisham | School catchment primary + specialist high | Rental yield near four percent | No overlays on strata lot
This renovated two-bedroom apartment is positioned within a stable owner-occupier building in Lewisham, an inner-west suburb well-served by transport and local amenities. Its configuration with one car space and balcony meets consistent demand from professionals and downsizers seeking upgraded stock. The property serves both owner-occupiers attracted to the renovated interior and school catchment access, and investors given the rental yield potential. The building’s long average tenure suggests a settled community, which may appeal to lifestyle buyers. Market activity indicates strong demand for well-presented units in this location, reinforcing the property’s competitive position.
The property’s value may be shaped by the thoroughness of its renovation and any original elements that remain. Strata fees, not detailed in the available information, could impact investor calculations. The lack of aspect data may be a consideration for buyers who prioritise natural light. However, the building’s established occupancy and the suburb’s consistent demand for well-located units provide a solid foundation for price stability.
Detailed Independent Property Report prepared by PropCred Analyst team for 12/38-40 Gould Avenue, Lewisham NSW 2049
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Lewisham’s demand is driven by its Inner West location a short commute to the CBD, good rail/light‑rail access and proximity to Newtown/Marrickville plus leafy, heritage streets that attract professionals and families.
Buyers seek lifestyle and reliable tenant interest, though investors face modest house yields and tight stock; risks are interest‑rate sensitivity and limited new supply while upside comes from ongoing gentrification and transport‑led convenience.
Broadly, through the six months to March 3, 2026 prices have been stable to modestly up – houses stronger than units – with typical house medians around $2.1–2.2M and units near $0.86–0.92M.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1315m²
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